Decision Making and Quantitative Methods

A local real estate investor in orlando is considering three alternative investments: a motel, a restaurant , or a theater . Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists: profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment:

I need help in understanding this question and management approach. Please see attached.
Suppose you have just been hired by a small firm. After being on the job for a few weeks, you realize that most problem solving is done on an informal basis - quantitative models are not being used. You share your reservations about this w

Please help answer the following problem regarding the use of quantitativemethods in decisionmaking.
Mathematical models are used in decisionmaking by the decisionmaking units. Discuss any decision you have made so far in your life, using or not using these models. Please state your level of familiarity with any of the

Explain the characteristics of integer programming problems.
Give specific instances in which you would use an integer programming model rather than an LP model. Provide real-world examples.
Explain how the applications of Integer programming differ from those of linear programming.
Why is "rounding-down" an LP solutio

Discuss the different roles played by the qualitative andquantitative approaches to managerial decisionmaking?
Why is it important for a manager or decision maker to have a good understanding of both of these approaches to decisionmaking?

You have received your MBA from Trinity University and been hired by Deutsche Bank as the Executive Vice President of Finance. You negotiated a hefty salary and received a signing bonus, so you are relied upon heavily to make decisions using quantitativemethods. Today, you are faced with three investment alternatives with the